PEPE memecoin skyrockets to $1 billion market cap after Binance listing.

The frog-themed memecoin Pepe (PEPE) has surpassed a $1 billion market cap three weeks after its launch, fueled by a Binance listing and an 85% surge in the last 24 hours. However, the official website for the cryptocurrency states that it has no intrinsic value or expectation of financial return and is completely useless and for entertainment purposes only. Investment in memecoins like PEPE is high risk due to extreme volatility and major swings in value. Concerns have also been raised about insider trading by the Pepe team.